Codebook:

Firm: stock code for each firms

Year: year

Prov: province where firms locate

Sicmen: sector code by China Securities Regulatory Commission (19 categories)

Indcd: sector code (five categories)

Expenditure: logged value of firm expenditure in poverty alleviation

PRI: Political Risk Index

PRI_Refine: Political Risk Index Refined (using political questions with uncertain answers)

PRI_Subsidy: PRI related to government finance

PRI_Investment: PRI related to government investment

PRI_Financial: PRI related to financial regulation

PRI_Environment: PRI related to environmental regulation

PRI_IR: PRI related to international relations

PRI_Length: PRI calculated by the length proportion of political questions

PRIHigh: 1 indicates PRI > median

PRIVeryHigh: 1 indicates PRI > 3rd quartile

AveragePRI: average PRI before 2016

PRIEnvHigh: 1 indicates PRI_Environment> 3rd Quartile

PRI1Past5Year: the average PRI over the past 5 years (missing values are omitted)

All: number of all questions

Political: number of politicla questions

EnvFineShare: penalty fines of environmental regulation

EnvReg: 1 indicates a firm received environmental penalty in this year

Post2015: time dummy, 1 means post-2015 

Sale: logged value of firm sales

lgAge: logged value of firm ages

TotalAsset: logged value of firm total assets

TaxRate: firm tax rate

Prosecute: number of officials being prosecuted in the city year

ROE: return rate on equity

FixAsset: fixed assets/total asset

Loan: total debt/total asset

Finance: 1 indicates financial companies

RealEstate: 1 indicates real estate companies

ProvPlan: whether a firm is supported by provincial 5-year development plan

PoliConn: 1 indicates either firm's CEO or boardchair is retired official or serving in National People's Congress or Chinese People's Political Consultative Conference

Private: 1 means a private firm without political connection

PreExistingPC: political connection before 2016

SOELevel: categorical, Private, Local, National 

PollutionFirmYear: whether this firm is the Enterprise Subject to Intensive Monitoring and Control of the State

Marketization: provincial level of marketization

Expenditure_Sale: expenditure in poverty alleviation/total sales

Expenditure_Cost: expenditure in poverty alleviation/total business cost

indrate: CSR rating score

AllWebNews: number of online news on a firms

TPAWebNews: number of online news on a firm's poverty alleviation participation

TPANews: number of newspaper reports on a firm's poverty alleviation participation

AllNews: number of newspaper reports on a firm

Attention: the share of poverty-alleviation content in the CSR reports

ProvYear: province-year 

IndYear: indcd-year

